S&P 500, Latest of the Majors to Hit Record Territory

With the S&P 500 surpassing its previous closing high, just about every major U.S. index–save the Nasdaq Composite–has hit a fresh record. That broad-based vigor, however, is not traveling well, as equities in most other regions of the world aren’t faring as well.

That could be a warning sign for investors.

For U.S. equities, nearly all of the major indexes, the Dow Jones Industrial Average, the S&P 500, the Wilshire 5000, the Russell 2000, and the Dow Jones Transportation Average, have hit fresh highs. The only laggard is the Nasdaq Composite, which remains fully 35% off its dot-com era high of 5048.